All posts by Francesco Gasparini

COVID-19 INSIGHTS –  THE IMPACTS FOR CONTAINER DEMURRAGES E DETENTIONS COSTS: AN ITALIAN PERSPECTIVE

The Covid-19 epidemic has affected the world of transport and logistics with regard to the container demurrages and detentions costs due to the delayed return of the empty containers to the Line  or to the prolonged storage of the stuffed containers on the port terminal areas extra the “free-time period”, as it results from the brief insight attached.

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COVID -19 INSIGHTS – THE ITALIAN FORCE MAJEURE CERTIFICATES

The Italian Chambers of Commerce can issue, upon request from the interested companies, specific declarations on the state of emergency due to COVID-19 epidemic (“force majeure certificates”) in order to justify the impossibility to fulfill the contractual obligations within the agreed contractual terms. These declarations will be issued in English language in case Contracts entered with foreign parties.

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Commission waives customs duties and VAT on the import of medical equipment from non-EU countries

On 3 April, the European Commission published a decision helping Member States affected by the coronavirus pandemic to temporarily suspend customs duties and VAT on protective equipment, testing kits or medical devices such as ventilators. The measure will apply for a period of six months, with a possibility for further extension.

All Member States, as well as the UK, have agreed to lift customs duties and VAT on imports of necessary medical equipment during the crisis.

The exemption will be applicable from 30 January 2020 until 31 July 2020.